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by Barbara S. Mishkin The CFPB has issued its October 2015 complaint report , the fourth in its new series of monthly complaint reports. The new report highlights credit card complaints and complaints from consumers in the Chicago, Illinois metro area...

by Jacqueline M. Allen The October 1, 2015, deadline for merchants to become EMV compliant or potentially face increased liability has come and gone. Yet, a significant number of both card issuers and merchants have not yet made the switch. EMV...

“ Simply put, the class action vehicle is broken .” -- Judge William Young, Overseeing The T.J. Maxx Data Breach Litigation Once my wife believes something it is very difficult to change her mind. And if her mother agrees with her then...

The U.S. District Court for the Eastern District of New York has granted attorneys’ fees in the amount of $544.8 million, and expenses in the amount of $27,037,716.97, in the antitrust class action brought in 2005 by merchants against Visa, MasterCard...

With increasing numbers of health care professionals urging patients to use medical credit cards to pay for treatments not covered by their insurance plans, New York Attorney General Eric T. Schneiderman has issued a consumer alert on the risks associated...

SAN FRANCISCO - (Mealey's) Chase Bank USA NA on July 23 agreed to pay $100 million to settle claims that it increased interest rates on loan balances that were transferred to consumers' credit cards after it allegedly promised them a fixed rate...

On October 30, a California appellate court approved a settlement in two class actions challenging Visa and MasterCard’s allegedly anti-competitive debit and credit policies. According to the court, the revised version of the $31 million settlement...

WASHINGTON, D.C. - (Mealey's) Capital One Financial Corp. on July 18 reached a $210 million settlement with the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) over its allegedly deceptive credit...

SAN FRANCISCO - (Mealey's) Chase Bank USA NA yesterday agreed to pay $100 million to settle claims that it increased interest rates on loan balances that were transferred to consumers' credit cards after it allegedly promised them a fixed rate...

LOS ANGELES - (Mealey's) Capital One Bank NA USA has agreed to pay $10 million to resolve claims that it promoted its credit card services as offering low fixed annual percentage rates and then later abruptly increased them, according to a document...

by Tim J. St. George , David M. Gettings and David N. Anthony In Redman v. RadioShack Corporation , 2014 U.S. App. LEXIS 18181 (7th Cir. Sept. 19, 2014) [ an enhanced version of this opinion is available to lexis.com subscribers ], the Seventh Circuit...